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Iran is open for business ... and up for sale? Via UFPJ ... <br>
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-------- Forwarded Message --------
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Subject:
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<td>[ufpj-activist] Iran offers state assets to foreigners
in investment drive</td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Date: </th>
<td>Sat, 25 Jul 2015 20:35:55 +0000</td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">From: </th>
<td>Michael Eisenscher
<a class="moz-txt-link-rfc2396E" href="mailto:m_eisenscher@uslaboragainstwar.org"><m_eisenscher@uslaboragainstwar.org></a></td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">To: </th>
<td>UFPJ Activist List
<a class="moz-txt-link-rfc2396E" href="mailto:ufpj-activist@lists.mayfirst.org"><ufpj-activist@lists.mayfirst.org></a></td>
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<h1 style="BORDER-TOP: 0px; FONT-FAMILY: knowledgeregular,
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font-stretch: inherit; -webkit-font-smoothing: antialiased;
text-rendering: optimizeLegibility; -webkit-text-stroke-width:
0px"><a moz-do-not-send="true"
href="https://urldefense.proofpoint.com/v2/url?u=http-3A__www.zawya.com_story_Iran-5Foffers-5Fstate-5Fassets-5Fto-5Fforeigners-5Fin-5Finvestment-5Fdrive-2DTR20150724nL5N10434DX2_-3Flok-3D151456150724-26-26zawyaemailmarketing&d=AwMFaQ&c=8hUWFZcy2Z-Za5rBPlktOQ&r=_iuwmBDMEAIAz6k1h--JVoji6x5mlDiImSbbdIp2zWg&m=x3U2_oiEtELLGMgX49QbcJp45dcLnGZsOSeRMSgApeM&s=OdFVNx73D6qzksAML8h5ou_FtpL15HDx7LWwclnMTRA&e=">Iran
offers state assets to foreigners in investment drive</a></h1>
<font size="3"><font face="Segoe UI Semibold"><strong
style="BORDER-TOP: 0px; BORDER-RIGHT: 0px; VERTICAL-ALIGN:
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Arial, sans-serif; OUTLINE-STYLE: none; PADDING-LEFT: 0px;
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normal; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px;
BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px;
font-stretch: inherit; -webkit-text-stroke-width: 0px">*
Major opening seen after Iran's nuclear deal with powers<span
class="Apple-converted-space"> </span><br>
<br>
</strong><span style="WHITE-SPACE: normal; WORD-SPACING:
0px; TEXT-TRANSFORM: none; FLOAT: none; COLOR:
rgb(51,51,51); TEXT-ALIGN: justify; FONT: 13px/21px Arial,
sans-serif; WIDOWS: 1; DISPLAY: inline !important;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">* Key policies resemble
those of centre-right European govt<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">* Minister says
Tehran government to reduce role in economy<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">* Foreigners can buy
into wide range of companies, projects<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">* Hawkish signals on
inflation, interest rate policy<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">* Officials don't
address labour, legal reforms in detail<span
class="Apple-converted-space"> </span></span><br
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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</font></font>
<font size="3"><font face="Segoe UI Semibold"><span
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">By Shadia Nasralla
and Maria Sheahan<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">VIENNA, July 24
(Reuters) - Iran offered to sell state assets to
foreigners, said it would cut the government's role in the
economy and pledged a tight monetary policy as it sought
to attract billions of dollars of investment from abroad
after over a decade of isolation.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">At a business
conference in Vienna this week, the first such event since
last week's deal between Tehran and world powers on its
nuclear programme, top Iranian officials outlined an
economic policy package designed to win foreign
investment.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">The package was
strikingly pro-market - many of the policies would not
have been out of place in a centre-right European
government. If implemented, they could move Iran's economy
well beyond the tight restrictions and heavy state
involvement that followed its 1979 Islamic Revolution.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">"The government, the
parliament are trying to remove all the obstacles for free
investment and for reducing interference of government in
private investment," said Minister of Industry, Mines and
Trade Mohammad Reza Nematzadeh.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">With a young,
well-educated population of just under 80 million and some
of the world's largest energy reserves, Iran looks likely
to provide huge investment opportunities. Officials at the
conference said Tehran had identified nearly 50 oil and
gas projects worth $185 billion that it hoped to sign by
2020.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Under the nuclear
deal, sanctions that have stifled Iran's economy are to be
lifted when the International Atomic Energy Agency
verifies that Iran is honouring its side of the bargain.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Nematzadeh said Iran
expected verification in under three months, and that it
believed it could rejoin the SWIFT global electronic
payments system -- a key step to enable inflows of foreign
money -- three months after sanctions were repealed.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Foreigners will then
be welcome to enter Iran's economy through joint ventures
-- including those in the banking sector -- and direct
investment, such as participation in tenders to buy stakes
in state companies, he said.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
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<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
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WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">The national oil
company will be off-limits to investors but petrochemical
and refining firms may be partly sold off, and parliament
has given permission for the sale of assets or projects
such as hospitals, schools and highways, he added.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
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justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Over the past decade,
the government has sold off stakes in state companies
worth tens of billions of dollars. But its privatisation
programme has not been fully effective because most of the
stakes have gone to state-linked bodies such as pension
funds and foundations.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Iranian bankers
believe that if foreign investors are allowed to enter the
Islamic Republic, they will end up buying assets from the
cash-strapped funds and foundations, completing the
privatisation process.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">During the sanctions
years, the government often favoured state firms over
private ones on the grounds of economic survival.
Nematzadeh said this was ending, and parliament had agreed
that all firms would be treated equally for tax purposes.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">REFORMS<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">For privatised
companies to succeed, however, they may need to reduce
staff. This might put them in conflict with Iran's strict
labour rules, a legacy of the revolution; a complex,
unpredictable legal system adds to risks for foreign
companies.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Iranian officials at
the conference did not describe in detail any plans for
labour or legal reforms, which would be politically
sensitive and could cost President Hassan Rouhani some of
the public support he has won with the nuclear deal.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">But they did outline
plans for a conservative monetary and fiscal policy which
could reassure investors. One of the big economic risks
that Iran will face after sanctions are lifted is how to
keep the economy stable as money flows back into the
country and growth accelerates.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Parts of the business
community in Iran are pressing for interest rate cuts to
help them compete in foreign markets, and currency
depreciation to aid exporters. Such steps could boost
inflatiom which authorities have only recently wrestled
down to around 16 percent from above 40 percent two years
ago.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Deputy central bank
governor Akbar Komijani said authorities would continue to
cut inflation, lowering it to a single-digit rate by the
end of the next Iranian year that will start around March
21.<span class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">He also said Iran
needed to achieve single-digit inflation before interest
rates could be cut below 20 percent - implying no major
monetary easing any time soon.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Iranian officials
impressed some foreign businessmen at the conference by
talking more openly and frankly about the economy than
they did during the sanctions years, when officials felt
that disclosing information could weaken Iran's ability to
defend itself against the sanctions.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Nematzadeh gave
relatively specific figures for Iran's foreign reserves on
Friday, saying the central bank had between $115 billion
and $125 billion, the sovereign wealth fund $20-25
billion, and Iranian government firms and organisations an
additional $5-10 billion.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Much of this money
has been frozen in overseas accounts by the sanctions;
Komijani said blocked funds totalled about $29 billion.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">But he said that
instead of immediately bringing the money back to Iran
when sanctions were lifted, the central bank would keep
some of it in accounts abroad until it was needed to fund
domestic investment projects.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">Such a step could
strengthen foreign investor confidence by suggesting
Tehran is confident the nuclear deal will stick.<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<br style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
<span style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; FLOAT: none; COLOR: rgb(51,51,51);
TEXT-ALIGN: justify; FONT: 13px/21px Arial, sans-serif;
WIDOWS: 1; DISPLAY: inline !important; LETTER-SPACING:
normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT:
0px; -webkit-text-stroke-width: 0px">(Writing by Andrew
Torchia; Editing by Mark Heinrich) ((<a
moz-do-not-send="true"
href="mailto:andrew.torchia@thomsonreuters.com">andrew.torchia@thomsonreuters.com</a>;
+9715 6681 7277; Reuters Messaging: <a
moz-do-not-send="true"
href="mailto:andrew.torchia.thomsonreuters.com@reuters.net">andrew.torchia.thomsonreuters.com@reuters.net</a>))<span
class="Apple-converted-space"> </span></span><br
style="WHITE-SPACE: normal; WORD-SPACING: 0px;
TEXT-TRANSFORM: none; COLOR: rgb(51,51,51); TEXT-ALIGN:
justify; FONT: 13px/21px Arial, sans-serif; WIDOWS: 1;
LETTER-SPACING: normal; BACKGROUND-COLOR:
rgb(255,255,255); TEXT-INDENT: 0px;
-webkit-text-stroke-width: 0px">
</font></font></span>
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